Jubilant Foods Support @ Rs 565-570

JUBILANT FOODS Daily NSE Stock Chart Technical Analysis

Jubilant Foods CMP at 600.2 after a intraday high of 621.7.

Market Outlook:

• The price is falling further.  There is support near 565-570 levels.

Technical Indicators:

• The day ended with an inverted hammer candlestick.
• The other indicators are showing a possible downward journey.
• Seems like the price is making a correction after a sudded rise following good Q2 result announcement last week.  
• The previous resistance was near 565, this should now act as support when the price falls until there.
• If the price does not go below 595, there is an opportunity to buy.

JUBILANT FOODS Daily NSE Stock Chart Technical Analysis